Don Vicini And Josh Vicini Acquire Office Property In Gaithersburg For $3.35M From Finmarc Management
831 Russell Avenue
$3,350,000
$275/SF
Building Size
12,155 SF
Asset Type
Office
Closing
Sep 2, 2026
About this deal
AI
The property asset involved in this transaction is an office space located at 831 Russell Avenue in Gaithersburg, MD. The sale price for this commercial property was $3,350,000, and it encompasses a total area of 12,155 square feet, resulting in a price per square foot of $276.
Summary of transaction details:
- Property Type: Office
- Transaction Amount: $3,350,000
- Address: 831 Russell Avenue
- Market: Gaithersburg, MD
- Square Footage: 12,155
- Price Per Square Foot: $276
- Buyer: Don Vicini & Josh Vicini
- Seller: Finmarc Management Inc
- Brokers: Kenneth Fellows, Robert Pugh & Lucas Glaeser - KLNB
KLNB facilitated the transaction, transferring the property from Finmarc Management Inc to buyers Don Vicini and Josh Vicini. This sale showcases the involvement of multiple brokers, specifically Kenneth Fellows, Robert Pugh, and Lucas Glaeser from KLNB, who handled the arrangement of the sale.
Players
Leonardtown Office Market Snapshot
Boundary boundary · Office · Sale transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.74%
Cash-on-Cash
-1.35%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93